Field/project development
The loan to Arena Energy will generate an estimated 38,600 B/D in new production from 22 platforms in the Gulf.
TotalEnergies signed off for 30% operated stakes in the Lang Lebah and B14 gas fields offshore Sarawak on the sidelines of ADIPEC in Abu Dhabi, while also highlighting methane-reduction partnerships in Angola, India, and Southeast Asia.
New rules requiring Mozambique’s LNG industry to supply 25% of production to the domestic market could stabilize gas deliveries to South Africa’s Secunda industrial center as the Pande and Temane gas fields near depletion.
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The operator is planning for an FPU in the Gulf of Mexico field that is capable of producing 100,000 B/D of oil. -
Total’s $5.1-billion Lake Albert development with CNOOC brings Uganda into the club of oil-producing nations while it positions the French major as the dominant player in African oil and gas.
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Pioneer Natural Resources is moving to complete its second major acquisition of another shale producer in less than 6 months.
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Partnership will move forward with the multibillion dollar Australian gas and condensate development.
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Once heralded as a major achievement of Mexico's energy reforms designed to entice foreign investment, control of the Zama field has been in dispute for 2 years and is now likely to be decided by industry regulators.
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The major rule change adopted this month also gives oil and gas producers a deadline to capture 98% of their produced gas by 2026.
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Iraq, which is second only to Russia in terms of gas flaring, is nearing an agreement with Total to implement dual-energy megaprojects to capture that gas and wean the country away from sanctioned Iranian gas and electricity imports. Solar power will play a major role.
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The INPEX-lead Ichthys LNG megaproject won the 2021 International Petroleum Technology Conference Excellence in Project Integration award in a presentation that took place during the opening ceremonies of the annual conference.
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ExxonMobil’s Kerry Moreland, a geoscientist, managed breakthrough discoveries in the early stage of her 15-year career that have positioned the company for decades to come in South America. Now she is pursuing similar goals in Africa and Asia Pacific, as she explains in a moderated interview at this week’s IPTC in Kuala Lumpur.
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Russia’s largest oil company is moving quickly to shed underperforming brownfield assets to raise capital and transform itself into a major LNG player this decade. The state-owned giant is making the move as natural gas positions itself for a growing role in the energy transition.
